Page 2 - Policy Economic Report - August 2025
P. 2
POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
Table of Contents
Executive Summary ..................................................................................................... 3
Economy in Focus......................................................................................................... 6
Lessons from Economics..........................................................................................27
Oil Market .....................................................................................................................29
Crude oil price – Monthly Review .........................................................................................29
Indian Basket Crude oil price ................................................................................................31
Oil production situation .......................................................................................................31
Oil demand situation............................................................................................................32
Global petroleum product prices ..........................................................................................33
Petroleum products consumption in India ............................................................................35
Natural Gas Market....................................................................................................37
Natural Gas Price – Monthly Review.....................................................................................37
Monthly Report on Natural gas production, imports, and consumption – June 2025* ............40
Key developments in Oil & Gas sector.................................................................42
Key Policy developments/Significant news in Energy sector.....................43
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